By Nina Chestney (Reuters) – European gas prices have risen further amid concerns about supply as Russia and the West remain at odds over Moscow’s demand for gas payments to be made in roubles. Last week, Russia said “unfriendly” countries must pay in …
UK consumer lending surges, driven by record credit card borrowing
LONDON (Reuters) – Lending to consumers in Britain rose last month by the most in nearly five years, driven by a record rise in credit card borrowing, according to data that analysts said could be a sign of the growing cost-of-living squeeze. Figures f…
French Interior Minister: probe underway into recent violent unrest in Paris suburb
PARIS (Reuters) – A probe has been launched into recent violent unrest in the Paris suburb of Sevran, said French Interior Minister Gerald Darmanin on Tuesday, during which police came under attack from youths. The trouble in Sevran comes with the Fren…
GM keeps Shanghai factory lines open amid COVID; Aptiv shuts plant
SHANGHAI (Reuters) – Shanghai’s COVID lockdown roiled auto production on Tuesday as a major supplier joined Tesla in shutting a plant to comply with the measures to control the spread of the virus. General Motors’ joint venture in Shanghai maintained p…
Shanghai tightens COVID lockdown on second day of curbs
By David Stanway and Brenda Goh SHANGHAI (Reuters) -China’s most populous city tightened the first phase of a two-stage COVID-19 lockdown on Tuesday, asking some residents to stay indoors unless they are getting tested as the number of new daily cases …
Britain blocks $5 billion Cargotec-Konecranes merger on competition concerns
(Reuters) -Britain blocked a proposed merger between Finnish industrial machinery firms Cargotec and Konecranes Abp on Tuesday, after its competition watchdog found “substantial” competition concerns. Britain’s Competition and Markets Authority (CMA) s…
Dollar eases, euro rises on Ukraine peace talk hopes
By John McCrank NEW YORK (Reuters) -The dollar fell against a basket of peer currencies on Tuesday as reports of progress in peace talks between Russia and Ukraine lifted the euro and reduced the safe-haven appeal of the greenback. Russia said in talks…
N.Korea’s Kim calls for ramping up ideological campaigns amid ‘worst difficulties’
By Hyonhee Shin SEOUL (Reuters) – North Korean leader Kim Jong Un has called for a propaganda campaign to increase popular support for the country’s ideology of self-reliance amid “the worst difficulties,” state media KCNA said on Tuesday. Kim sent a l…
Russia promises to scale back Ukraine war but West sceptical
By Jonathan Spicer and Gleb Garanich ISTANBUL/KYIV OUTSKIRTS/MARIUPOL, Ukraine (Reuters) – Russia promised on Tuesday to scale down military operations around Ukraine’s capital and north, while Kyiv proposed adopting neutral status, in confidence-build…
UniCredit CEO’s pay draws fresh criticism from investor advisers
By Valentina Za MILAN (Reuters) -Leading investor advisory firms have again raised concerns over the salary of UniCredit CEO Andrea Orcel, with one recommending for a second straight year shareholders vote against his pay. Orcel, former head of investm…